A Deep Dive into Escrow-less Bitcoin-Collateralized Lendingmedium.com/lendasat/a-deep-dive-into-escrow-less-bitcoin-collateralized-lending-f7acba3b60be
258 sats \ 6 comments \ @lendasat 12h bitcoin
3 months ago we released our whitepaper.
Our protocol creates a secure environment where both lenders & borrowers are protected. 🔐
Let's dive deeper into redefining #Bitcoin-backed loans and making them the new standard.

Lendasat introduces a revolutionary Bitcoin-backed lending protocol that eliminates custodial risks.

Borrowers retain control of their Bitcoin collateral, using Discreet Log Contracts (DLCs) and Hash Time-Locked Contracts (HTLCs) to govern loan agreements without middlemen.

How it Works:

Lenders and borrowers lock assets in cryptographic contracts. Borrowers use DLCs to lock Bitcoin, while lenders lock the loan principal in HTLCs.
These contracts ensure funds are only released when conditions are met — no custodians involved.

Non-Cooperative Scenarios:

If a borrower defaults or a lender fails to provide funds, Lendasat has built-in protections like timeouts and oracle-based liquidation. This ensures fair and automated outcomes for both parties in volatile markets.
Read the whole article: https://medium.com/lendasat/a-deep-dive-into-escrow-less-bitcoin-collateralized-lending-f7acba3b60be
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0 sats \ 5 replies \ @DarthCoin 12h
Again this bullshit scam into fooling people to perpetuate the fiat currencies? If I give you my BTC as collateral what are you giving me back as a loan? Same BTC? or more fiat?
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21 sats \ 4 replies \ @lendasat OP 12h
We're not giving you anything since the protocol is P2P.
We can't blame you for not knowing this – it required reading, not just ranting from the start.
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0 sats \ 3 replies \ @DarthCoin 12h
It was a simple question that you didn't answer. Even that is p2p, somebody MUST give something in return of the sats. So what is it?
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0 sats \ 2 replies \ @lendasat OP 10h
We're starting with stablecoins since it's the most liquid market right now, but it could expand to whatever in the future.
And for the Bitcoiners who are allergic to stables, I have a feeling they might soon be able to get Visa cards 👀
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110 sats \ 1 reply \ @DarthCoin 10h
We're starting with stablecoins since it's the most liquid market right now,
Darth is again right... this is a shitcoinery. All so called stablecoins are in fact fiat scams. Same bullshit over and over and over. You guys will never stop trying to scam people with your bullshit fiat!
In the end is all about what I was warning all along: give me your sats and I will give you worthless fiat stablecoins tokens. The old centuries scam, but now is "digital".
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21 sats \ 0 replies \ @lendasat OP 9h
We're not giving anything to anyone; we're simply addressing an existing market need (with huge volumes) while making transactions safer and more secure, eliminating trusted third parties and counterparty risk. All of this is made possible by Bitcoin, the best form of programmable cash in the world.
BTW It will actually help a lot of people using custodians not to get scammed!
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